USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. A further rally would likely be seen in a couple of weeks and the next target would be at 1.3000 area. Support is at 1.2526, only a breakdown below this level could trigger another fall towards the bottom of the price channel on the daily…
With the market in gridlock, Goldman Sachs has identified 14 stocks that seem to offer big upside potential. From the firm’s report, we used TipRanks’ powerful insights to pinpoint the five stocks with the most bullish Street outlook. Indeed, these are the stocks with a ‘Strong Buy’ analyst consensus right now. TipRanks’ algorithms track and rank…
Last June, 2017, Senior Deputy Governor of the Bank of Canada (BoC) Carolyn A. Wilkins stepped onto the stage with a surprisingly bullish message about the Canadian economy. This speech set the stage for the BoC’s rollback of “emergency measure” rate cuts that responded to the collapse in oil prices. At the time, the Canadian dollar…
Walmart ranks 10th in CEO to median take-home pay. How Does Your Pay Stack Up? Public firms in the S&P 500 now generally disclose how much they pay employees. The median wage across all the groups in the feature image is about $69,000. The median pay for the consumer group alone is about $35,000. For…
“If you can’t measure it, you probably can’’t manage it.” – Ed Seykota Below is a brief recap of last week’s price projections and the price targets for next week. The SPX broke above resistance, came within 3 points of our target and reversed. In the process it broke below the CIT Cloud, breakout and support…
FUNDAMENTAL FORECAST FOR GOLD: NEUTRAL Talking Points: Gold price has its 1st weekly decline since March Rising expectations for 3 more rate hikes and easing geopolitical tensions weigh on prices. Focus next week will be on US GDP and Trade Balance. Still no sign of a breakout for Gold with prices inching lower by 0.5% for…
The economic calendar is normal, with an emphasis on housing and sentiment data. Earnings season is in full swing and expectations remain high. We have witnessed improvement on several fronts. Since that is not very newsworthy, the punditry will be asking: Where can we find some fresh fears? Last Week Recap In my last edition of WTWA I…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over…
EUR/USD initially stuck to the range but eventually began cracking. More worrying signs from Europe and further upbeat figures in the US weighed. Will it continue lower? The ECB decision is left, right, and center. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Euro-zone inflation was downgraded to 1.3%…
Worries about a trade war appear to have eased, at least for the moment, but that does not make investors worry-free. The concerns have shifted toward rising US interest rates, perhaps more than anything else, but general anxiety seems elevated. The unpredictability of the Trump Administration is not helpful, and even though oil prices recovered, they…
